Yesterday Paulson spoke for 45 minutes explaining the progress of the bailout and the markets bombed for a third straight session.

An increasingly despondent Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won’t buy banks’ soured mortgage assets after all. The Dow Jones industrials dropped more than 410 points, and all the major indexes lost more than 4 percent.

The stock market has lost about $1 trillion over the past three days, according to the Dow Jones Wilshire 5000 index, which reflects the value of nearly all U.S. stocks.

The market started the day falling on more signs that companies are being hurt by a severe pullback in consumer spending. Macy’s Inc. said it lost $44 million in the third quarter as sales at the department store retailer fell more than 7 percent. And consumer electronics retailer Best Buy Co. slashed its fiscal 2009 guidance on fears that consumer spending will erode even further.

Paulson also announced a new goal for the program to support financial markets that supply consumer credit in such areas as credit card debt, auto loans and student loans. He said, “with a stronger capital base, our banks will be more confident” to support economic activity.

Still nothing Paulson said would lead me to believe that there is anything being done for the people.  But wait!  All involved keep saying that the possiblity of a profit being made is good and that would mean that the taxpayer made money…….thinking…….does that mean we all will get checks?  Or is that just a way to keep the taxpayer at bay and smiling?

Paulson is getting little or no love for his plans…..he rushed the bailout through Congress with the prediction of a failing economy…..they passed the bill…and the economy failed…..is it not about time to regroup and fins a way to make Main Street the most important thing?